Montana Communities Cannot Afford the Oil and Gas Tax Holiday

Dec 10, 2012

By MBPC Staff

Years ago, the legislature created a tax break for oil and gas companies. At the time, proponents of the tax break claimed that it would encourage economic development in Montana’s resource-rich areas, a claim unsupported by the facts. In reality, oil and gas companies will operate where there is oil and cannot afford to base their decisions on state taxes, which are just a small fraction of their total costs. >>Read MBPC's full report on the oil and gas tax holiday here.